He was hit by a bullet in the 800-block of East 89th Street in Burnside.
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This happened just before 3 p.m.
The boy was hit in the leg when shots rang out.
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Chopper7 was over the scene before the boy was transported to the University of Chicago Medical Center in good condition.
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Police said a weapon was also recovered on the scene.
Trevor Reed, 19, was arrested shortly after the incident occurred, police said. He was later charged with aggravated use of a weapon and possession of a controlled substance.
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Reed was to appear in bond court Tuesday.
So far, 54 juveniles have been shot in Chicago this year, and 13 have died.
Sun-Times Media contributed to this report.